Vital Signs: Jump in Home Sales
Existing-home sales rose 3.4% from March to a seasonally adjusted annual rate of 4.62 million units, ending two months of declines.
San Francisco Fed Paper May Shed Light on QE View
The limited resources that U.S. banks apply to residential lending could keep them from matching lower rates in the mortgage bond market for "some time," according to a San Francisco Fed study of central bank asset-purchase programs.
Breaking Down Existing Home Sales
Robert Brusca, chief economist at Fact & Opinion Economics, talks with Jim Chesko about today’s report showing that existing-home sales increased 3.4% in April.
Secondary Sources: Greek Exit, Mortgage Mess, Inflation Targeting
A roundup of economic news from around the Web.
Vital Signs: Leading Indicators Slip
The Conference Board’s index of Leading Economic Indicators -- designed to show where the economy is headed in coming months -- slipped 0.1% in April, after rising 0.3% in March.
Housing Less Dilapidated, but Still a Fixer-Upper
Home construction data support the idea that housing is no longer the dilapidated wreck it was in past years. But bottoming out shouldn't be confused with a robust recovery.
Breaking Down Jump in Home Construction
Mesirow Financial Deputy Chief Economist Adolfo Laurenti talks with Jim Chesko about today’s report showing that home construction rose 2.6% in April, the latest sign that the recovery may be strengthening in the long-suffering housing market.
Housing’s Future: Renting and Downsizing
The first stage of this recovery will be led by rental properties. Meanwhile, most Americans still hope to own a home, but that home will be smaller, according to a new study.
Fed’s Duke Urges Policymakers to Bring Certainty to Housing Market
Fed governor Duke urged policymakers to finalize regulations and rules to provide more certainty for the housing market.
Secondary Sources: Oil and Stocks, Inflation and Housing, Women in Economics
A roundup of economic news from around the Web.
Wendy’s pays big dough for move to Ohio…
In the ring of cities that orbits Columbus, Ohio, Dublin occupies the northwest corner, a short 25-minute drive from the state’s capital. Among its other claims to fame, it’s where The Wendy’s Co. (WEN) has its corporate headquarters. And there are close to a million reasons why it may soon become “Home Sweet Home” for...
Positively Fannie
Total comprehensive income of $3.1bn (net income $2.7bn) vs dividend payments to Treasury of $2.8bn in 2012′s first quarter. Meaning – Fannie Mae hasn’t had to...
